Media coverage about Colfax (NYSE:CFX) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Colfax earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 48.4769943227371 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several research firms have issued reports on CFX. Cowen reaffirmed a “buy” rating and issued a $50.00 price target on shares of Colfax in a report on Tuesday, September 26th. KeyCorp reaffirmed a “buy” rating and issued a $46.00 price target on shares of Colfax in a report on Tuesday, September 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 price target on shares of Colfax in a report on Wednesday, September 27th. Citigroup reaffirmed a “sell” rating and issued a $40.00 price target (up previously from $39.00) on shares of Colfax in a report on Monday, October 9th. Finally, Zacks Investment Research raised Colfax from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Colfax currently has an average rating of “Hold” and an average price target of $45.80.
Shares of Colfax (CFX) traded down $0.13 during trading hours on Friday, reaching $39.62. 668,326 shares of the company’s stock traded hands, compared to its average volume of 780,614. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.80. Colfax has a 52 week low of $33.31 and a 52 week high of $43.29. The firm has a market cap of $4,877.86, a P/E ratio of 27.90, a P/E/G ratio of 2.31 and a beta of 1.26.
Colfax (NYSE:CFX) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The company had revenue of $844.50 million for the quarter, compared to the consensus estimate of $901.09 million. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 10.2% on a year-over-year basis. analysts expect that Colfax will post 1.72 EPS for the current year.
In other Colfax news, EVP Daniel A. Pryor sold 53,333 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.15, for a total transaction of $2,034,653.95. Following the sale, the executive vice president now directly owns 93,557 shares of the company’s stock, valued at approximately $3,569,199.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 10.60% of the stock is owned by insiders.
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Colfax Company Profile
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.
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